Latham & Watkins Advised on Major Armenian Banking Acquisition
Latham & Watkins LLP advised Ardshinbank, the largest Armenian banking group, on its binding agreement to acquire HSBC Armenia, a fully owned subsidiary of HSBC Holdings plc. The transaction, subject to regulatory and antitrust approvals, is expected to close within the next 12 months.
This strategic acquisition presents a unique opportunity for Ardshinbank to build upon its operational and financial strengths. By integrating HSBC Armenia's high-quality customer base and experienced team, Ardshinbank aims to solidify its market position and expand its service offerings.
The Latham & Watkins team advising Ardshinbank was led by Riyadh partner Edward Kempson, with London associate Alexander Fedorkov.